I attended my first Elk Grove Investment Club meeting tonight and it was great! Hosted by Todd & Erin Newington of First Priority Financial with guest speakers, Bill and Chris Stanley of Realty Roundup, a local property management company, it was well attended by area investors.
I am often asked by potential investor clients about the local market and so I make sure that I stay up on the local rental market as much as possible. What a great opportunity to listen to the opinion of an area expert. Realty Roundup is the largest property management company in the local area and information regarding the Elk Grove rental market was shared by Chris Stanley with the investors.
Chris stated that the Elk Grove rental market has remained fairly stable over the past couple of years. The rental values have stayed steady as well as the number of vacancies. He attributes this to the fact that we have many homeowners walking away from their homes due to hardships but still wanting to remain in the Elk Grove area thus entering the rental market. Approximately 75% of their recent applicants have been somehow affected by the foreclosure market – either they have lost their homes through foreclosure or short sale, or they were renters of homes lost to foreclosure or short sale. Currently the most stable of the 3 Elk Grove zip areas is 95624.
Chris also seemed to feel that those former homeowners that have lost their homes through foreclosure or short sale, may end up being your best renters as they don’t have that hefty payment any longer. Realty Roundup looks for the renter’s income to be at least 3 times the monthly rent.
The Elk Grove area is a great place for your investment dollars…prices are very reasonable, we currently have incredible interest rates and we are seeing positive cash flows again! Don’t wait! The opportunity is right NOW!
For more information on the local rental market and investment opportunities, contact Lori Mode of The Mode & DurhaM Team, Keller Williams Realty, at (916) 230-0371 or Lori@ModeandDurhaM.com.
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Lori Mode and Bruce Durham, Keller Williams Realty in Elk Grove, CA
www.AllElkGroveHomes.com
About Lori Mode
About Lori Mode
Lori Mode and Bruce Durham of
Keller Williams offer unsurpassed service to buyers and sellers of real estate
in the greater Sacramento area. Lori and Bruce have a combined 45
years of experience in the real estate industry and their team is both
experienced and energetic in helping buyers and sellers with new and resale
residential single family and investment properties.
Lori is a native of
Sacramento, CA and has lived and worked in the Elk Grove area for over
30 years. Prior to real estate she worked as Branch Manager/Escrow Officer
for area title companies for 20 years. She is a life time member of the
Sacramento Association of Realtors Master's Club, serves on her Market Center's
Agent Leadership Council and is Chairperson of the MC's Technology
Committee. Lori is an active community member including serving
as a Board Member on both the Elk Grove Piranha's Swim Team and the Elk
Grove United Soccer Club and participaing in several other community
organizations.
Bruce started in the
real estate industry as General Manager for a property management
company. This position steered him toward obtaining his real
estate license and when the company was sold, on the advise of a friend, moved
to Sacramento. Locally, he has worked for Great Western Real Estate in the
early 1980's, then Coldwell Banker for over 12 years and currently Bruce is with
Keller Williams Realty. Bruce is also a member of Sacramento Association
of Realtor's Master's Club and has previously served on Keller Williams Realty's
Agent Leadership Council.Outside of work, Aaron enjoys spending time with his
family, reading business, philosophical, and historical biography books, playing
recreational sports of all kinds, and serving in his church.
Buyers and Sellers need lots
of information, whether buying or selling a personal home or investing in
real estate. A big part of our job as a real estate
professional is to make sure they get what they
need so intelligent informed decisions can be made. We
provide a variety of information through our website at www.AllElkGroveHomes.com, through
our Market Analysis, our Free Reports for buyers and sellers, our market
updates, and area statistics. We have weathered the ups and downs of the
real estate market in the Sacramento area for over 20 years and know how to
consult with our clients to get them what they want in the time they
want.
Direct: 916.405.5765
Cell: 916.230.0371
http://modeanddurham.yourkwagent.com
lori@modeanddurham.com
Read Lori's HousingStorm.com
Blog for Elk Grove and the Surrounding
Communities
